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Buchanan on increasing returns and anticommons

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  • Yong J. Yoon

    (George Mason University)

Abstract

This article discusses Buchanan’s work on increasing returns and anticommons. The two topics have externality as a common element. And size matters in both cases. Increasing returns is a case of positive externalities, the anti-commons is a case of negative externalities. Buchanan demonstrated that a work ethic generates economy-wide benefits in a setting of generalized increasing returns. In contrast, unanimity (in anticommons) can make it more difficult to address other externality problems in analyzing work ethic and moral community. This article provides an overview of both these areas of research.

Suggested Citation

  • Yong J. Yoon, 2017. "Buchanan on increasing returns and anticommons," Constitutional Political Economy, Springer, vol. 28(3), pages 270-285, September.
    • Handle: RePEc:kap:copoec:v:28:y:2017:i:3:d:10.1007_s10602-017-9236-z
    DOI: 10.1007/s10602-017-9236-z
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